ELECTRO - TEMSE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ELECTRO - TEMSE
Largest movements
- Cash -€72,817
down €72,817 (-45.3%), from €160,856 to €88,039
mainly Net result for the year (-€86,280) and Trade debts (-€10,481)
- Deferred charges and accrued income -€15,273
no longer reported in 2025 (was €15,273)
- Receivables within one year -€13,600
down €13,600 (-8.9%), from €152,298 to €138,698
of which Trade receivables: -€13,289
- Tangible fixed assets -€13,522
down €13,522 (-32.4%), from €41,734 to €28,212
of which Furniture and vehicles: -€11,199
- Reserves -€94,584
down €94,584 (-11.8%), from €798,660 to €704,077
of which Distributable reserves: -€75,000
- Trade debts -€10,481
down €10,481 (-41.3%), from €25,356 to €14,875
- Gross operating margin -€75,202
down €75,202, from €22,594 to -€52,607
- Staff costs -€33,298
down €33,298 (-69.3%), from €48,024 to €14,726
- Other operating charges +€1,185
up €1,185 (+69.5%), from €1,706 to €2,890
- Financial charges -€652
down €652 (-25.5%), from €2,558 to €1,906
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €906,593 | €797,632 | -€108,961 | -12.0% |
| Fixed assets | 21/28 | €41,734 | €28,212 | -€13,522 | -32.4% |
| Tangible fixed assets | 22/27 | €41,734 | €28,212 | -€13,522 | -32.4% |
| Plant, machinery and equipment | 23 | €7,515 | €5,192 | -€2,323 | -30.9% |
| Furniture and vehicles | 24 | €34,219 | €23,020 | -€11,199 | -32.7% |
| Current assets | 29/58 | €864,859 | €769,420 | -€95,439 | -11.0% |
| Amounts receivable after more than one year | 29 | €532,962 | €539,213 | +€6,251 | +1.2% |
| Trade receivables | 290 | €532,962 | €539,213 | +€6,251 | +1.2% |
| Amounts receivable within one year | 40/41 | €152,298 | €138,698 | -€13,600 | -8.9% |
| Trade receivables | 40 | €147,550 | €134,261 | -€13,289 | -9.0% |
| Other amounts receivable | 41 | €4,748 | €4,437 | -€311 | -6.5% |
| Current investments | 50/53 | €3,471 | €3,471 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €160,856 | €88,039 | -€72,817 | -45.3% |
| Deferred charges and accrued income | 490/1 | €15,273 | - | -€15,273 | |
| Total equity and liabilities | 10/49 | €906,593 | €797,632 | -€108,961 | -12.0% |
| Equity | 10/15 | €850,587 | €764,307 | -€86,280 | -10.1% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €798,660 | €704,077 | -€94,584 | -11.8% |
| Non-distributable reserves | 130/1 | €19,584 | - | -€19,584 | |
| Reserves not available under the articles | 1311 | €19,584 | - | -€19,584 | |
| Tax-exempt reserves | 132 | €25,830 | €25,830 | = | 0.0% |
| Distributable reserves | 133 | €753,247 | €678,247 | -€75,000 | -10.0% |
| Profit (loss) carried forward | 14 | €2,348 | €10,652 | +€8,304 | +353.7% |
| Amounts payable | 17/49 | €56,006 | €33,325 | -€22,681 | -40.5% |
| Amounts payable after more than one year | 17 | €13,953 | €6,048 | -€7,905 | -56.7% |
| Financial debts | 170/4 | €13,953 | €6,048 | -€7,905 | -56.7% |
| Amounts payable within one year | 42/48 | €38,951 | €26,736 | -€12,215 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €7,726 | €7,905 | +€179 | +2.3% |
| Trade debts | 44 | €25,356 | €14,875 | -€10,481 | -41.3% |
| Suppliers | 440/4 | €25,356 | €14,875 | -€10,481 | -41.3% |
| Taxes, remuneration and social security | 45 | €4,944 | €2,320 | -€2,624 | -53.1% |
| Taxes | 450/3 | €636 | €1,280 | +€644 | +101.3% |
| Remuneration and social security | 454/9 | €4,308 | €1,040 | -€3,268 | -75.9% |
| Other amounts payable | 47/48 | €925 | €1,636 | +€712 | +77.0% |
| Accrued charges and deferred income | 492/3 | €3,102 | €540 | -€2,562 | -82.6% |
| Remuneration, social security and pensions | 62 | €48,024 | €14,726 | -€33,298 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,381 | €13,522 | +€141 | +1.1% |
| Other operating charges | 640/8 | €1,706 | €2,890 | +€1,185 | +69.5% |
| Gross operating margin | 9900 | €22,594 | -€52,607 | -€75,202 | |
| Operating profit (loss) | 9901 | -€40,516 | -€83,746 | -€43,230 | -106.7% |
| Financial income | 75/76B | €247 | €17 | -€230 | -93.2% |
| Recurring financial income | 75 | €247 | €17 | -€230 | -93.2% |
| Financial charges | 65/66B | €2,558 | €1,906 | -€652 | -25.5% |
| Recurring financial charges | 65 | €2,558 | €1,906 | -€652 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€42,826 | -€85,635 | -€42,809 | -100.0% |
| Income taxes | 67/77 | €636 | €644 | +€8 | +1.2% |
| Profit (loss) for the period | 9904 | -€43,463 | -€86,280 | -€42,817 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,463 | -€86,280 | -€42,817 | -98.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.